CROSBY+CORPORATION[1]

CROSBY+CORPORATION[1] - CROSBY CORPORATION Income Statement...

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CROSBY CORPORATION Income Statement For the Year Ended December 31, 2008 Cash flows from operating activities: Net income (earnings after taxes) . . . . . . . . . . . . . . . . . . . . . . ……. .$ 160,000 Adjustments to determine cash flow from operating activities: Add back depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 150,000 Increase in accounts receivable………………………………. . (50,000) Increase in inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (20,000) Decrease in prepaid expenses . . . . . . . . . . . . . . . . . . . . . . . 20,000 Increase in accounts payable . . . . . . . . . . . . . . . . . . . . . . . . 190000 Decrease in accrued expenses . . . . . . . . . . . . . . . . . . . . . (20,000) Total adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ……………. .270,000 Net cash flows from operating activities . . . . . . . . . . . . . . ……………$ 430,000
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CROSBY+CORPORATION[1] - CROSBY CORPORATION Income Statement...

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